Maize production at farm gate in Chile experienced considerable fluctuations over the past decade. From 2013 to 2023, production values varied significantly, with notable drops in 2014, 2016, and 2020. In 2023, the value stood at approximately 170 million Euros, showing an 8.31% increase from the previous year. The compound annual growth rate (CAGR) for the last five years (2019-2023) was -1.79%, indicating an overall decline during this period.
Looking ahead, projections for 2024 to 2028 suggest a more stable yet modest growth with a forecasted 5-year CAGR of 0.4%. By 2028, the value is expected to reach approximately 174 million Euros, reflecting a growth rate of 2.01% from 2024 to 2028. Future trends to monitor include climate change impacts, advancements in agricultural technology, and shifts in domestic and global maize demand which could influence production volatility.
